[ad_1] As inflation rips through Argentina’s economy, the nation appears to be turning its gaze toward cryptocurrencies as a financial haven. Particularly, with inflation soaring to as high as 276% per year, according to a report, Argentina is now witnessing a massive turn in the monetary strategy as citizens chase after stability, even if it comes from digital assets. In a recent report, Forbes analysts noted a record increase in the use of digital currencies, which have been driven primarily by harsh economic realities. The uptick is more than just a trend; it’s a growing necessity as Argentines seek alternatives…
Author: dfrancis36
[ad_1] The dog-themed meme coin, Bonk Inu (BONK), has seen a significant price increase over the past 24 hours, reaching a one-month high of $0.00002698. The meme coin’s price jumped 10%, coinciding with the broader market rally, resulting in Bonk Inu becoming the largest meme coin by market capitalization in the Solana ecosystem, surpassing Dogwifhat (WIF). Bonk Inu Surges Ahead Of Competitors According to CoinGecko data, the recent surge propelled Bonk Inu’s market capitalization to $1.735 billion, surpassing WIF’s market cap of $1.69 billion. This places BONK in the 52nd spot among the largest cryptocurrencies in the market, trailing behind…
[ad_1] Data shows that ‘paper’ Bitcoin has observed a notable surge recently while the cryptocurrency’s spot price has plunged down. Paper Bitcoin Has Been Rising While Spot BTC Has Stayed Stale In a new thread on X, analyst Willy Woo has talked about the state of the Bitcoin market. BTC has been seeing a bearish trend recently, with the German Government selling and Mt. Gox distributions being two of the major sources of FUD among investors. Woo pointed out that Germany sold around 10,000 BTC, with 39,800 BTC still in the government’s custody. The data for the holdings confiscated by…
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] Bitcoin price is slowly moving higher above the $56,500 level. BTC might gain bullish momentum if it clears the $58,500 resistance zone. Bitcoin started a recovery wave above the $56,500 and $57,000 levels. The price is trading above $57,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $57,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start a fresh increase above the $58,500 resistance zone. Bitcoin Price Aims Higher Bitcoin price started a recovery wave above the $56,500 level. BTC even climbed…
[ad_1] The identify of the leaders behind the Shiba Inu project has remained a mystery since the founding of the project, from its pseudonymous founder Ryoshi to the current Lead Developer Shytoshi Kusama. Since Ryoshi stepped away from the project and the limelight, Shytoshi Kusama has since taken over, leading the project. However, it seems the lead developer’s stint may be short-lived as well following a recent statement that could see Kusama leave the project as well. Shiba Inu Lead Developer Could Exit The Project In a statement that was released by the lead developer, Shytoshi Kusama revealed that his…
[ad_1] Over the weekend, the Bitcoin price dropped below $60,000 amid rapid selling by major holders such as the German and US governments. This led to one of the largest drops seen for the pioneer cryptocurrency in the last two years, costing the market billions of dollars. However, despite this, Bitcoin holders are still seeing major gains, with the vast majority of investors currently in profit despite the market crash. Bitcoin Holders Enjoy Massive Gains According to data from the on-chain tracker IntoTheBlock, there are around 53.57 million Bitcoin holders worldwide. Of these investors, a total of 83% are still…
[ad_1] Sydney-based asset manager DIGITALX has secured approval from the Australian Securities Exchange (ASX) to introduce a Bitcoin ETF (exchange-traded fund), marking the second such product to receive the green light from Australia’s top stock market. The DigitalX Bitcoin ETF, with the ticker, BTXX, is set to be listed on July 12, according to an official statement released by the company on Tuesday. DigitalX Bitcoin ETF Joins Previously Launched Offerings In collaboration with K2 Asset Management and 3iQ, DigitalX has established the Bitcoin ETF to cater to the growing demand for cryptocurrency investment tied to the largest cryptocurrency on the…
[ad_1] Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments…
[ad_1] Bitcoin is plugging the bleed of last week, stabilizing at spot rates, but still stuck within a bearish formation. Unless there is a conclusive close, ideally above $60,000, sellers will still dominate price action in the short to medium term. Is Bitcoin Preparing To Race Higher? Amid this state of affairs, especially after last week’s sharp dump that pushed BTC to as low as $53,500, there is optimism. One trader thinks Bitcoin is preparing to bounce higher, as the Puell Multiple indicator hints. The tool is crucial to gauge miner profitability at all price points, determining whether it is…